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I have $300-400k with Scottrade, about 2/3 of which is currently invested and the rest is sitting in cash. Longer term stuff, dividends, swing trades, etc. I also have around $50k with OEC in a futures account which I occasionally make withdrawals from into my bank account. It's way more...

Oh it's absolutely related, specifically the part that talks about misdirection (I think it's that thread). As I said on the previous page (or a previous page, depending on how many posts you have per page in the forum settings), there are easy ways to prove that a trading system works...

Today's PnL. 3 trades today, 2 of which I posted above when they were live. The first trade ended up being 9 contracts, 4 on the second, and 1 on the last. There were a few more trades that I almost entered but price didn't retrace enough to the magical fib lines so I never entered.

A lot of people sure are missing some big things in this discussion here. Perhaps everyone needs a refresher: http://www.elitetrader.com/vb/showthread.php?s=&threadid=174098

I just came back to this thread to say that in the last 20 minutes price has only alternated between a range of 2 ticks. lol. But I just heard the "ding" and the trade just closed out. It stayed at 1 contract. As for the range, I don't decide where the retracements are going to happen or...

Another currently open trade. Today has bene like one giant uptrend with barely even any retracements.

Here's a live trade I have on right now I have 4 contracts currently open (1 at the first retracement and 3 at the second retracement = 4 total) with 5 more ready to be purchased if price goes down to the next retracement. An exit order sitting at 100% retracement with 9 contracts (which is...

I never claimed that price reverses at fib lines. That's what magical hocus pocus fib gurus do. I explained this in the other thread. As I mentioned in the other thread there is nothing special about fibs: they have no predictive power. I simply took an already existing strategy and...

Yeah, well not INSTANTLY, but within a minute or so. I do everything manually. It was there well before price got there, however. I dunno.

Second trade: In the same downswing that closed out my first trade, price went back up and then retraced again so I started buying (green circles) and sold when it went back up to the 0% line (red circle). You'll see price went up to 1140 to make an afertnoon high and then started to...

Ok sorry about this but you're getting the MS Paint version today because my computer isn't cooperating today. First trade: I drew a green line where the fib lines were drawn. It was the down swing this morning. The red circles are sell shorts, and the green circle is the cover.

Chart's of today's trades: edit - I'm getting an error message when I tried to attach the image.

I've started a journal in the "Journals" sub forum. Here is a link: http://www.elitetrader.com/vb/showthread.php?s=&threadid=193086 I didn't want to fill up this thread with trades when there's another subforum specifically for journals. So this thread will be for method discussion, and...

Today's PnL.

If everyone does the smart thing and puts Jack on ignore it's not a problem.

Are you asking if I would have posted a losing trade? Of course. I'm sure you'll see some losers as this journal continues. Perhaps you missed the point of the other thread (the one I linked to). I never claimed there is anything magical about fibs. I have simply modified a trading...

Yes. Well, at 38%, 50% and 62% (or whichever price is closest when there's not an exact match). I average down with this method. I'm sure there will be lots of haters and nay-sayers telling me how bad this is, but with properly defined risk and stop losses there is nothing wrong with...

There are easy ways to prove that a trading system works Avoiding specific questions is not one of those ways. See this thread for more info: http://www.elitetrader.com/vb/showthread.php?s=&threadid=174098

I only use 100% and 0% as my extreme markers (stop loss and target profit). I don't use any projections in this method. Using those requires price to go where it may have not gone before, and I only feel comfortable trading on known ground.

Maybe it's actually an animated .gif